BOTTO - A Combination of AI Art & DeFi
Botto, an AI-artist has generated over $4M+ in sales and shares sales proceeds with $BOTTO token holders and BottoDAO
Generative AI programs such as Midjourney, DALL-E, etc have transformed the creative space, where users can create various designs and artwork with just prompts. But there are only a few platforms that monetize the art and reward its community for their participation.
What is Botto?
@bottoproject is the first ever fully autonomous AI artist, guided by human-voting feedback. Botto integrates DeFi, AI, and NFT technology. Botto has generated over $4M+ in sales and shares its sales revenue with $BOTTO token holders and DAO community members.
Botto creates and sells works of art based on collective votes from $BOTTO token holders & the DAO community. Sales proceeds are then shared among $BOTTO token holders and community members. Botto's work has been sold at the world's renowned art auction house, Christie’s.
Below is the Art work which got sold in Christie’s:
How it Works?
Every 7 days
• Images are generated using the prompts from the algorithm and sent to taste model, filtering to 350 images.
• Those holding $BOTTO tokens, Pipe NFTs, Access Passes, or LP tokens participate in voting to choose one image for minting and sale.
• The top-voted image is sold.
• Revenue generated from sales is divided equally (50/50) between token holders and the DAO Treasury to manage expenses. • Votes improve the art engine by training and refining the prompt generator and taste model for upcoming images.
To participate in Botto's economic model and receive 50% of auction proceeds, users need to stake over 2000 $BOTTO tokens, with rewards distributed through the app. Users can either single-stake or provide $BOTTO/ $ETH LP.
Botto has done some phenomenal numbers: • Total Revenue: 1191.97ETH • Total Reward Distribution: 251.59ETH • Treasury Allocation: 432.06ETH
Botto is well funded, and they closed a $1 million funding round with @variantfund in September ‘23.
BOTTO Token
$BOTTO is currently trading on Uniswap at approximately $0.78 USD, with a Market Cap of $33.6 million. Comparing this to the Top 100 AI coins, such as RNDR, TAO, and FET, valued between approximately $2.7 billion and $4 billion, the potential for growth is evident.
What are your thoughts on Botto?